The U.S. stock market continues to roar higher. What's surprising is that the best performing sector in the S&P 500 is none other than energy stocks -- the very same sector that finished dead last in 2020.
Equinor 's (NYSE: EQNR) CFO, Ulrica Fearn, put it well: "compared with the quarter last year, the price environment could hardly be more different." She's right. We are nearly two-thirds into 2021 and oil and gas prices are having a very strong year. It's a critical reprieve for integrated oil and gas majors like Equinor that went through the wringer in 2020 . Equinor's business has rebounded and is gushing tons of free cash flow (FCF), providing ample dry powder to raise the dividend. Let's take a look at why Equinor could be a great dividend stock to buy now.
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This Cash-Gushing Energy Stock Just Raised Its Dividend by 20%